SpaceX IPO prices at $135 per share, making Elon Musk the world's first trillionaire on paper
By
Shira Ovide, Faiz Siddiqui
A touch underbaked. Edible, but you'll want a strong coffee alongside.
Summary
SpaceX announced an IPO price of $135 per share, setting up a $75 billion IPO. This has led to Elon Musk being declared the world's first trillionaire on paper, though his $1.1 trillion fortune depends on SpaceX achieving ambitious goals like colonizing Mars. The article notes SpaceX is currently cash-flow negative with relatively small sales compared to tech giants.
Key quotes
· 3 pulledWelcome to history's first trillionaire. Sort of.
The step sets up a blockbuster IPO that ranks as the largest in history, at about $75 billion.
Musk's $1.1 trillion fortune depends partly on SpaceX achieving audacious goals, including putting humans on Mars.
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